NATIONAL
UPDATES:
1. Gujarat Assembly Passes Act to Allow Shops
& Businesses Remain Open 24X7:
‘Gujarat Shops and Establishments (Regulation of Employment and Conditions
of Service) Act, 2019’ passed by Gujarat Assembly which came into
force from May 1, 2019. The Act will allow the shops and other businesses in
the state to operate 24×7. The Act replaced the Gujarat Shops
and Establishments Act, 1948which prevented shops and other businesses
from operating between 12 to 6 a.m.
2. Last captive white tiger Bajirao dies at 18: The last captive white tiger ‘Bajirao’ at the Sanjay
Gandhi National Park in Mumbai died at the age of 18. He was suffering from
chronic ankylosis on the left shoulder and chronic senile generalised arthritis
for the last four years. The tiger’s autopsy carried out by the pathology
department of BVC indicated multiple organ failures along with old age as the
probable cause of death.
INTERNATIONAL
UPDATES:
1. Japan’s First Privately Developed Rocket
'Momo-3' Reached Outer Space: A Japanese aerospace
start-up Interstellar Technology Inc. has successfully launched
a first privately developed rocket ‘Momo-3’ into
space. The unmanned Momo-3 was launched from a test site in Taiki on the
northern Japanese island of Hokkiado and reached about 110
kilometers (68 miles) in altitude before falling into the Pacific Ocean
after 10 minutes of flight time.
2. ADB Launches $5 Billion Healthy Oceans Action
Plan: The Asian Development
Bank (ADB) launched a $5 Billion Action Plan for Healthy Oceans and
Sustainable Blue Economies for the Asia and Pacific region at the 52nd
Annual Meeting of ADB’s Board of Governors in Fiji. It will expand
financing and technical assistance for ocean health and marine economy projects
to $5 billion from 2019 to 2024.
3. SpaceX Launches Falcon 9 Rocket With Dragon
Spacecraft: Space Exploration
Technologies Corp. (Space X) launched its 17th commercial resupply mission to
the International Space Station (ISS) by using Falcon 9 rocket
with Dragon Spacecraft. The 213-foot-tall rocket lifted off from Cape
Canaveral Air Force Station in Florida. This mission is a part of
NASA’s Commercial Resupply Services (CRS) program, which uses
commercial spacecraft to deliver cargo to the ISS.
4. The US Air Force Successfully Tested A Laser System
To Shoot Down Multiple Missiles:
The US Air Force Research Laboratory tested a laser system
called Self-Protect High Energy Laser Demonstrator (SHiELD) at the US
Army’s White Sands Missile range in New Mexico which successfully shot down
multiple air-launched missiles while in flight. The system is designed for the
purpose of protecting the aircraft from
incoming surface-to-air and air-to-air launched
missiles.
5. IBSA Sherpas Meet Concluded In Cochin: The IBSA
(India, Brazil & South Africa) Sherpas’ Meeting, following the 9th IBSA
Trilateral Ministerial Meeting, was held in Cochin. Secretary (Economic
Relations) in the Ministry of External Affairs, Mr. T.S. Tirumurtiled the
Indian delegation. Sherpas reviewed the progress made under IBSA, since their
last meeting. The Sherpas also appreciated the work done by the IBSA Fund
on Poverty and Hunger Alleviation which funded 31 projects spread over in
20 countries.
6. World Asthma Day 2019: 7 May: World Asthma Day is an annual event organized by
the Global Initiative for Asthma (GINA) on the first Tuesday in
May to increase awareness about asthma and aims to
improve the lives of people with asthma across the world. This year
it was observed across the globe on May 7, 2019. The theme of
World Asthma Day 2019 was ‘STOP for Asthma’.
Note: In 1998, the first World Asthma Day was
celebrated in more than 35 countries in conjunction with the first
World Asthma Meeting held in Barcelona, Spain.
7. Chandrayaan-2 to be launched in July this year: According to ISRO (Indian Space Research
Organisation), India's second lunar mission Chandrayaan-2 will be launched on a
day between 9 and 16 July this year. Chandrayaan-2’s lander will touch down
near the Moon's south pole on 6th September. The National space agency said
Chandrayaan-2 will have three modules in it, an orbiter, a lander named Vikram
and a rover known as Pragyan. Chandrayaan-2 will be launched using India's most
powerful rocket GSLV-Mark-3.
OTHER
UPDATES:
SPORTS
1. Dragan Mihailovic Appointed As Coach Of Indian
Volleyball Team: The Volleyball
Federation of India appointed Serbian Dragan Mihailovic as head coach
of the men’s national team in a move linked to the long term goal of
Olympic Games qualification. Mihailovic has more than 25 years of experience as
a coach. The VFI also announced the appointment of Pryemyslaw Gaszyoski
and Valadimir Radosevic as the team’s physio trainer and physiotherapist
respectively.
BANKING AND FINANCE
1. RBI Enhances Housing-Loan Limits Under
Priority Sector Lending For RRBs, SFBs:
The Reserve Bank of India has decided to enhance the housing loan
limits for Regional Rural Banks (RRBs) and Small Finance Banks (SFBs) for
eligibility under priority sector lending, in a bid to give them a level
playing field with other Scheduled Commercial Banks. Henceforth, housing loans
given by RRBs and SFBs to individuals up to INR 35 lakh in
metropolitan centers (with population of 10 lakh and above) and INR 25
lakh in other centers.
2. Mastercard Announces $1 Billion Investment In
India: Global card payments
brand Mastercard has announced its plan of investing $1
billion in India operations over the period of next 5 years.
About $350 million of the total amount would be invested in setting
up a local payments processing center as per the Reserve Bank of
India’s mandate to store all payments data locally. The rest of the investment
will go towards existing services and expanding capacity among others. This is
the first such processing center of the company outside of the US and
could provide service markets such as Southeast Asia and Asia-Pacific.
BUSINESS AND ECONOMY
1. Vodafone Idea signs multi-million Dollar IT deal with IBM: Information Technology major ‘IBM’ announced signing
a multi-million-dollar with Vodafone Idea Limited to deliver an enhanced
customer experience to millions of connected consumers and businesses in India.
This partnership will offer Vodafone Idea with a hybrid cloud-based digital
platform to enable engagement with its 387 million subscribers. The new
infrastructure platform would help remove constraints to the exponential growth
of data usage driven by increasing consumption of video, streaming and digital
commerce.
2. Microsoft Unveils Its Own Blockchain-Based
Service: Microsoft has unveiled
fully-managed Azure Blockchain Service that would simplify the
formation, management, and governance so that businesses can focus on workflow
logic and application development. Instead of supporting cryptocurrency
transactions, Azure Blockchain Service will let businesses develop their
applications on its Cloud-based platform.
AWARDS AND HONOURS
1. G D 'Robert' Govender Conferred with V K
Krishna Menon Award: GD 'Robert'
Govender, an Indian-origin journalist in South Africa, has been honoured
in the UK with 2019 V K Krishna Menon award for his
outstanding contribution as a pioneer of decolonised journalism. The South
Africa-born journalist was awarded posthumously during an event to mark the
123rd birth anniversary of the Indian diplomat and politician V K Krishna
Menon.
2. Israel honours 1971 Bangladesh Liberation War
Hero Lt. Gen JFR Jacob: Israel
honoured Lt. Gen. (retd) Jack Farj Rafael (JFR) Jacob, with a
plaque on the Wall of Honour at the Ammunition Hill. Lt. Gen. (retd)
JFR Jacob negotiated the historic surrender of Pakistani troops in
Dhaka after the 1971 Bangladesh’s liberation war. Ammunition Hill was a
fortified Jordanian military post in the northern part of Jordanian ruled East
Jerusalem. Lt. Gen. Jacob (died in 2016 at the age of 92 years) served as a
Lieutenant General in the Indian Army and later as a Governor of two Indian
states-Goa and Punjab.
Note: The Wall of Honour at the Ammunition
Hill pays tributes to the heroism and courage of Jewish soldiers who fought in
the defence of their countries they lived in “implementing values of bravery,
loyalty, commitment and dedication to a mission, leadership, creativity,
camaraderie and sanctity of life”.
OBITUARIES
1. Noted Writer, Academician Maramraju
Satyanarayana Rao Passes Away: Prominent
writer and academician, Maramraju Satyanarayana Raopassed away following a
cardiac arrest. He was 84. He was born at Jayyaram village in Mahabubabad
district in Telangana. He had worked as professor of political science and
registrar of Ambedkar Open University, Hyderabad.